As a treasury technology consultant, this is one of the most popular questions I get asked: "So, how long will it take to implement a treasury workstation from start to finish?" The answer depends upon numerous factors such as the size of the organization, the number of people on the treasury workstation team, the scope of treasury operations, the number of financial institutions, etc... Needless to say, TreaSolution wanted to discover some metrics around general treasury workstation implementation durations.

This graph indicates the actual treasury workstation implementation duration (in months) for organization that purchased a treasury workstation. Overall, the average treasury workstation implementation time was 7.51 months.

For smaller organizations (<$250 Million in Revenue) the time to implement a treasury workstation was elevated (8.33 months) primarily because those companies typically do not yet have a treasury department. There may be one or two people in the Controller's group who are responsible for implementing treasury technology leading to a longer implementation duration.

For organizations between $250 Million - $5 Billion in revenue there is a reduced implementation duration (5.86 and 5.76, respectively). Our options as to why this group is able to implement a treasury workstation more efficiently are:

Typically, these organization have a dedicated treasury department with knowledgeable personnel.

Generally, these organization have not yet had the need for extremely complex treasury management structures and services.

Many of these organizations are interested in SaaS / Hosted treasury workstations that can be setup and distributed rather quickly.

Finally, organizations that have greater than $5 Billion in revenue tend to have an extended treasury workstation implementation duration of 10.75 months. Our opinion as to why this group has a longer treasury workstation implementation duration is:

Large organizations tend to have an exponential growth in treasury management complexity.